89,521 Shares in Ameren Corporation $AEE Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Ameren Corporation (NYSE:AEEFree Report) in the second quarter, HoldingsChannel reports. The fund bought 89,521 shares of the utilities provider’s stock, valued at approximately $10,119,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi increased its position in shares of Ameren by 106.0% during the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock worth $101,055,000 after purchasing an additional 473,048 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of Ameren during the 2nd quarter worth approximately $1,637,000. Franklin Resources Inc. boosted its holdings in shares of Ameren by 5.2% in the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock valued at $246,966,000 after buying an additional 123,084 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of Ameren in the 4th quarter valued at approximately $924,000. Finally, Horizon Investments LLC boosted its holdings in shares of Ameren by 193.1% in the 4th quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider’s stock valued at $2,628,000 after buying an additional 17,336 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares in the company, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president directly owned 32,340 shares of the company’s stock, valued at $3,522,796.20. The trade was a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AEE has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Morgan Stanley cut their price target on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Barclays upped their target price on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and an average price target of $121.42.

Get Our Latest Research Report on AEE

Ameren Stock Performance

Shares of NYSE AEE opened at $106.19 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $29.40 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.56 and a beta of 0.47. Ameren Corporation has a 12 month low of $96.57 and a 12 month high of $118.32. The stock has a 50 day moving average of $110.76 and a 200-day moving average of $110.34.

Ameren (NYSE:AEEGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts predict that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s dividend payout ratio is presently 52.82%.

Ameren Company Profile

(Free Report)

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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